Latvia Wind Power Equipment Market (2025-2031) | Trends, Industry, Outlook, Forecast, Segmentation, Value, Analysis, Competitive Landscape, Companies, Growth, Share, Size & Revenue

Market Forecast By Type (Rotor/Blade, Tower, Generator, Others), By Application (Onshore, Offshore) And Competitive Landscape
Product Code: ETC7924713 Publication Date: Sep 2024 Updated Date: Nov 2025 Product Type: Market Research Report
Publisher: 6Wresearch Author: Sumit Sagar No. of Pages: 75 No. of Figures: 35 No. of Tables: 20

Latvia Wind Power Equipment Market Top 5 Importing Countries and Market Competition (HHI) Analysis

In 2024, Latvia continued to rely on imports for wind power equipment, with significant contributions from China, Hong Kong, Metropolitan France, Canada, and Lithuania. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. However, the industry experienced a sharp decline with a negative compound annual growth rate (CAGR) of -25.81% from 2020 to 2024. The growth rate plummeted further in 2024, showing a substantial decline of -83.17% compared to the previous year. These figures suggest a challenging landscape for wind power equipment imports in Latvia, highlighting the need for strategic considerations and market adaptations.

Latvia Wind Power Equipment Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

  • Latvia Wind Power Equipment Market Outlook
  • Market Size of Latvia Wind Power Equipment Market, 2024
  • Forecast of Latvia Wind Power Equipment Market, 2031
  • Historical Data and Forecast of Latvia Wind Power Equipment Revenues & Volume for the Period 2021- 2031
  • Latvia Wind Power Equipment Market Trend Evolution
  • Latvia Wind Power Equipment Market Drivers and Challenges
  • Latvia Wind Power Equipment Price Trends
  • Latvia Wind Power Equipment Porter's Five Forces
  • Latvia Wind Power Equipment Industry Life Cycle
  • Historical Data and Forecast of Latvia Wind Power Equipment Market Revenues & Volume By Type for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Wind Power Equipment Market Revenues & Volume By Rotor/Blade for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Wind Power Equipment Market Revenues & Volume By Tower for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Wind Power Equipment Market Revenues & Volume By Generator for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Wind Power Equipment Market Revenues & Volume By Others for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Wind Power Equipment Market Revenues & Volume By Application for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Wind Power Equipment Market Revenues & Volume By Onshore for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Wind Power Equipment Market Revenues & Volume By Offshore for the Period 2021- 2031
  • Latvia Wind Power Equipment Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Application
  • Latvia Wind Power Equipment Top Companies Market Share
  • Latvia Wind Power Equipment Competitive Benchmarking By Technical and Operational Parameters
  • Latvia Wind Power Equipment Company Profiles
  • Latvia Wind Power Equipment Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the Latvia Wind Power Equipment Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Latvia Wind Power Equipment Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 Latvia Wind Power Equipment Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Wind Power Equipment Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Wind Power Equipment Market - Industry Life Cycle

3.4 Latvia Wind Power Equipment Market - Porter's Five Forces

3.5 Latvia Wind Power Equipment Market Revenues & Volume Share, By Type, 2021 & 2031F

3.6 Latvia Wind Power Equipment Market Revenues & Volume Share, By Application, 2021 & 2031F

4 Latvia Wind Power Equipment Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing government support and incentives for renewable energy projects in Latvia

4.2.2 Growing demand for clean energy sources and the shift towards sustainable practices

4.2.3 Technological advancements leading to improved efficiency and cost-effectiveness of wind power equipment

4.3 Market Restraints

4.3.1 High initial investment costs for installing wind power equipment

4.3.2 Limited grid infrastructure and transmission capacity for integrating wind power into the energy system

4.3.3 Regulatory challenges and uncertainty surrounding renewable energy policies in Latvia

5 Latvia Wind Power Equipment Market Trends

6 Latvia Wind Power Equipment Market, By Types

6.1 Latvia Wind Power Equipment Market, By Type

6.1.1 Overview and Analysis

6.1.2 Latvia Wind Power Equipment Market Revenues & Volume, By Type, 2021- 2031F

6.1.3 Latvia Wind Power Equipment Market Revenues & Volume, By Rotor/Blade, 2021- 2031F

6.1.4 Latvia Wind Power Equipment Market Revenues & Volume, By Tower, 2021- 2031F

6.1.5 Latvia Wind Power Equipment Market Revenues & Volume, By Generator, 2021- 2031F

6.1.6 Latvia Wind Power Equipment Market Revenues & Volume, By Others, 2021- 2031F

6.2 Latvia Wind Power Equipment Market, By Application

6.2.1 Overview and Analysis

6.2.2 Latvia Wind Power Equipment Market Revenues & Volume, By Onshore, 2021- 2031F

6.2.3 Latvia Wind Power Equipment Market Revenues & Volume, By Offshore, 2021- 2031F

7 Latvia Wind Power Equipment Market Import-Export Trade Statistics

7.1 Latvia Wind Power Equipment Market Export to Major Countries

7.2 Latvia Wind Power Equipment Market Imports from Major Countries

8 Latvia Wind Power Equipment Market Key Performance Indicators

8.1 Capacity factor: measures the actual output of wind power equipment compared to its maximum potential output

8.2 Levelized cost of energy (LCOE): assesses the long-term cost competitiveness of wind power compared to other energy sources

8.3 Capacity utilization factor: indicates how efficiently wind power equipment is being utilized to generate electricity

9 Latvia Wind Power Equipment Market - Opportunity Assessment

9.1 Latvia Wind Power Equipment Market Opportunity Assessment, By Type, 2021 & 2031F

9.2 Latvia Wind Power Equipment Market Opportunity Assessment, By Application, 2021 & 2031F

10 Latvia Wind Power Equipment Market - Competitive Landscape

10.1 Latvia Wind Power Equipment Market Revenue Share, By Companies, 2024

10.2 Latvia Wind Power Equipment Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

Pricing
  • Single User License
    $ 1,995
  • Department License
    $ 2,400
  • Site License
    $ 3,120
  • Global License
    $ 3,795
6Wresearch Support

Any Query

Call: +91-11-4302-4305
Email us: sales@6wresearch.com
Any Query? Click Here

Thought Leadership and Analyst Meet

Our Clients

Airtel
Canon
Contec
HoneyWell
Kriloskar
Pwc Logo
Samsung
Tata Teleservices

Related Reports

Industry Events and Analyst Meet

Whitepaper

Read All